La Quinta Holdings Inc. (LQ) Upgraded to Hold by Zacks Investment Research
According to Zacks, “La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels in the United States, primarily serving the midscale and upper-midscale segments. It provides franchise services to hotels in the U.S., Canada and Mexico under the La Quinta Inns & Suites (TM) and La Quinta Inn (TM) brands. La Quinta Holdings Inc. is headquartered in Irving, Texas. “
Other analysts have also recently issued research reports about the company. Deutsche Bank AG set a $17.00 target price on La Quinta Holdings and gave the company a buy rating in a research report on Wednesday, August 3rd. Citigroup Inc. decreased their price objective on La Quinta Holdings from $13.00 to $12.00 and set a neutral rating for the company in a report on Friday, August 5th. Morgan Stanley set a $11.00 price objective on La Quinta Holdings and gave the company a hold rating in a report on Wednesday, August 3rd. Off Wall Street reiterated a buy rating and set a $14.20 price objective on shares of La Quinta Holdings in a report on Monday, November 7th. Finally, JPMorgan Chase & Co. reiterated a hold rating and set a $11.00 price objective on shares of La Quinta Holdings in a report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $13.15.
Shares of La Quinta Holdings (NYSE:LQ) opened at 12.26 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 222.91 and a beta of 1.73. The firm’s 50-day moving average price is $10.77 and its 200 day moving average price is $11.40. La Quinta Holdings has a 12-month low of $9.42 and a 12-month high of $15.21.
La Quinta Holdings (NYSE:LQ) last announced its earnings results on Wednesday, November 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $272.30 million for the quarter, compared to analysts’ expectations of $267.50 million. La Quinta Holdings had a return on equity of 9.67% and a net margin of 0.65%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. On average, analysts predict that La Quinta Holdings will post $0.51 earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Brookfield Asset Management Inc. acquired a new stake in La Quinta Holdings during the third quarter worth approximately $3,001,000. Price T Rowe Associates Inc. MD boosted its stake in La Quinta Holdings by 3.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 49,440 shares of the company’s stock worth $553,000 after buying an additional 1,600 shares during the period. Mackenzie Financial Corp acquired a new stake in La Quinta Holdings during the third quarter worth approximately $112,000. Panagora Asset Management Inc. boosted its stake in La Quinta Holdings by 5,065.3% in the third quarter. Panagora Asset Management Inc. now owns 129,338 shares of the company’s stock worth $1,446,000 after buying an additional 126,834 shares during the period. Finally, Clinton Group Inc. acquired a new stake in La Quinta Holdings during the third quarter worth approximately $194,000. Institutional investors and hedge funds own 96.74% of the company’s stock.
La Quinta Holdings Company Profile
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment derives its earnings from the operation of owned hotel properties located in the United States.
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